Mashreq, a MENA financial institution, is set to announce a strategic partnership with Clari5, a provider of real-time financial crime management, to launch Clari5 Genie, a Gen AI-powered fraud detection and investigation platform.
Clari5 Genie is designed to help banks proactively manage fraud by using Gen-AI to uncover hidden patterns, simulate fraud investigations, and accelerate resolution, all within a secure, on-premise deployment. Smart prompt engineering, similarity-based analysis, and auto-generated case narratives will equip investigators with deeper insights and faster decisions, without compromising on data privacy or regulatory compliance.
Clari5 Genie aims to deliver 70% faster fraud investigations and proactive detection of emerging threats. Key features of the platform include:
- Natural language console for investigators
- Smart prompt engineering for live fraud simulation
- Auto case narrative generator and recommendation engine
- Similarity-Based Pattern Detection
- Role-based access, encryption, and compliance monitoring
- Secure on-premise deployment – no external cloud dependency
Gurcharan Chhabra, Mashreq’s EVP and head of fraud prevention and intelligence, said, “With Clari5, we plan to go beyond traditional fraud systems and build a live, GenAI-powered intelligence layer that sees what others miss, simulates threats before they hit, and tells the story of a case in real-time. We aim to operationalize GenAI for financial crime and set a global benchmark for next-generation fraud intelligence.”
Balaji Suryanarayana, co-founder & COO of Clari5, added, “Clari5 Genie isn’t merely an upgrade, it’s a generational leap in how fraud is understood and tackled. We are reimagining fraud prevention by placing a secure, GenAI engine directly into the hands of investigators, enabling them to ask questions, run live threat simulations, generate actionable narratives, and do all of this in real time, on-premise, with zero compromise on compliance.
“Mashreq’s visionary team has been pivotal in shaping the platform from day one. This is a rare case where product and customer innovation are indistinguishable, and together, we aim to create the world’s first truly intelligent, explainable, and production-grade GenAI fraud platform.”